Banks-Insurance
ING Cuts Romania’s 2022 GDP Growth Forecast To 3.2%
Lender ING has lowered its economic growth projection for Romania to 3.2% in 2022 from 4.5% previously, and kept unchanged its projection for 2023 at 4.5%, ING Romania chief economist Valent...
Banca Comerciala Romana Revises Romania’s GDP Growth Forecast Down To 3.2% In 2022
Lender Banca Comerciala Romana (BCR) has revised its forecast on Romania’s economic growth down to 3.2% in 2022 from a previous forecast of 4%.
Romania Raises RON617M Via Two Bond Issues
Romania's finance ministry on Monday raised RON617 million selling bonds maturing in 2025 and 2030, at annual average yields of 4.99% and 5.62%, respectively.
CEC Bank Net Profit Up 5% YoY To RON355M In 2021
Romanian state-owned lender CEC Bank ended 2021 with an estimated (unaudited) net profit of RON355 million, higher than RON337.7 million reported in 2020, in parallel with a 22.7% increase i...
Three-Month ROBOR Grows To 3.55% A Year On Feb 11
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, increased to 3.55% a year on Fr...
Three-Month ROBOR Rises to 3.53% a Year on Feb 10
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, grew to 3.53% a year on Thursda...
BRD Plans to Distribute 70% of 2021 Net Profit as Dividends
BRD SocGen, the third largest lender in Romania, is calling on shareholders to vote on distributing 70% of last year's net profit as dividends.
BRD-SocGen Ends 2021 with RON1.27B Net Profit
BRD-SocGen, the third largest bank on the Romanian market by assets, ended 2021 with a net profit of RON1.27 billion, up 34% on the previous year, while net banking income stood at RON2.95 b...
Gothaer Asigurari Starts Transition to New Owner, Allianz-Tiriac
Gothaer Asigurari has started the necessary steps to align with Allianz-Tiriac's operations. Ciprian Pop, Gothaer's new CEO recently approved by the Romania’s Financial Supervisory Authority...